Sweden: Hydrogen Fluoride Market 2024

Hydrogen Fluoride Market Size in Sweden

The Swedish hydrogen fluoride market skyrocketed to $X in 2021, with an increase of 20% against the previous year. The market value increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Hydrogen Fluoride Production in Sweden

In value terms, hydrogen fluoride production soared to $X in 2021 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -18.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45% against the previous year. Hydrogen fluoride production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Hydrogen Fluoride Exports

Exports from Sweden

In 2021, overseas shipments of hydrogen fluoride (hydrofluoric acid) increased by 145% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2015 when exports increased by 1,068%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, hydrogen fluoride exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 851%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons), Norway (X tons) and Vietnam (X tons) were the main destinations of hydrogen fluoride exports from Sweden, together accounting for 63% of total exports. These countries were followed by Spain, Belgium, Thailand, Uruguay, Finland, South Korea, Taiwan (Chinese), India and Denmark, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +60.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for hydrogen fluoride (hydrofluoric acid) exports from Sweden, comprising 31% of total exports. The second position in the ranking was held by Norway ($X), with a 14% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +55.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+3.2% per year) and Thailand (+49.0% per year).

Export Prices by Country

The average hydrogen fluoride export price stood at $X per ton in 2021, with a decrease of -23.1% against the previous year. Overall, the export price, however, saw a significant expansion. The growth pace was the most rapid in 2013 when the average export price increased by 482%. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+57.0%), while the prices for the other major destinations experienced more modest paces of growth.

Hydrogen Fluoride Imports

Imports into Sweden

After two years of growth, supplies from abroad of hydrogen fluoride (hydrofluoric acid) decreased by -13.7% to X tons in 2021. In general, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, hydrogen fluoride imports declined to $X in 2021. Overall, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 when imports increased by 23%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) was the main hydrogen fluoride supplier to Sweden, accounting for a 95% share of total imports. Moreover, hydrogen fluoride imports from Germany exceeded the figures recorded by the second-largest supplier, the Czech Republic (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled -3.5%.

In value terms, Germany ($X) constituted the largest supplier of hydrogen fluoride (hydrofluoric acid) to Sweden, comprising 93% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to -4.8%.

Import Prices by Country

The average hydrogen fluoride import price stood at $X per ton in 2021, increasing by 3.2% against the previous year. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while the price for Germany amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.2%).

Source: IndexBox Platform

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